Lake Street Capital began coverage on shares of Research Solutions (NASDAQ:RSSS – Free Report) in a report released on Tuesday morning, Benzinga reports. The brokerage issued a buy rating and a $5.00 price objective on the stock.
Research Solutions Stock Down 3.8 %
Shares of NASDAQ:RSSS opened at $3.00 on Tuesday. Research Solutions has a 52 week low of $1.80 and a 52 week high of $3.50. The business has a fifty day simple moving average of $3.08 and a 200-day simple moving average of $2.73.
Insider Activity at Research Solutions
In related news, major shareholder Peter Derycz sold 40,402 shares of Research Solutions stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $2.87, for a total value of $115,953.74. Following the transaction, the insider now owns 2,984,680 shares in the company, valued at $8,566,031.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 26.47% of the stock is owned by insiders.
Institutional Inflows and Outflows
Research Solutions Company Profile
Research Solutions, Inc, through its subsidiaries, provides cloud-based software-as-a-service research platform. The company is also involved in the transactional sale of published scientific, technical, and medical (STM) content managed, sourced, and delivered through the Transactions platform. Its solutions enable life science and other research intensive organizations to accelerate their research and development activities with access and management STM articles used throughout the intellectual property development lifecycle.
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